RE:Serinus Energy Inc.-Tunisia:Winstar-12bis Commences DrillingQuoted from IV.............
They have existing licenses that are neither new nor up for renewal/extension, so they are unaffected by Article 13 until such time as they either seek new licenses or extensions. This came from Jakob Korczak at Serinus IR
Another quote before that which was my immediate thought on it too.....................
Maybe the answer lies in the % owned by the State